FHA

Other Loan Options

The Federal Housing Administration's (FHA) objective is to assist with providing housing opportunities and is widely used for first-time homebuyers.

Features:

  • 3.5% down payment

  • Down payments may be gifted by family members or your employee

  • Expanded qualifying and underwriting ratios

  • Home sellers can contribute up to 6% of the purchase price for closing costs

  • Streamline Refinance

 

Reduced credit or poor credit situations may not disqualify borrowers for FHA home financing.  FHA looks at the borrower’s big-picture situation.  

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Fairway Mortgage Benefit Program operates through Fairway Independent Mortgage Corporation of Seattle. Andrew W. Reid, Market Manager- Seattle. NMLS #420400. 1910 Fairview Ave E, Ste 101, Seattle, WA 98102 Toll-free: 855-7-FAIRWAY Fax: 866-715-2733 areid@fairwaymc.com ©2020 Fairway Independent Mortgage Corporation. NMLS#2289. 4750 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. Complaints may be directed to 877-699-0353 or email us at customerservice@fairwaymc.com. All rights reserved. Fairway is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates, and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. AZ License #BK-0904162. Licensed by the Department of Business Oversight under the California Finance Lenders Law. Loans made or arranged pursuant to a California Finance Lenders Law License.

 

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